Cloud Database and DBaaS Market Size, Share and Global Forecast 2029
Cloud Database and DBaaS Market was valued at USD 14.2 billion in 2021 and is projected to touch USD 43.7 billion in 2029 growing at a very high CAGR of 15.1% from 2022-2029 The factors driving growth of Cloud Database and DBaaS Market includes emerging demand for self-driving cloud databases, rising focus by companies on reducing operational costs, increase in the volumes of data generated around the world and improvements in the living standards. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Internet of Things (IoT) by companies, increasing applications of cloud database solutions across industry verticals such as BFSI, healthcare and retail and rapid urbanization, are some of the additional factors supplementing the Cloud Database and DBaaS Market size . In addition, the increasing investments by major corporations on research and development, strategic mergers and acquisition between key players and growing...